News Corporation $NWS Stock Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in News Corporation (NASDAQ:NWS) by 45.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,855 shares of the company’s stock after selling 21,110 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in News were worth $709,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in News by 15.2% during the fourth quarter. Vanguard Group Inc. now owns 10,163,392 shares of the company’s stock worth $301,141,000 after buying an additional 1,344,287 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of News by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 661,412 shares of the company’s stock worth $22,852,000 after acquiring an additional 81,986 shares in the last quarter. Hsbc Holdings PLC grew its position in News by 60.4% during the 4th quarter. Hsbc Holdings PLC now owns 268,349 shares of the company’s stock worth $7,971,000 after acquiring an additional 101,018 shares during the last quarter. CWM LLC raised its position in News by 896.1% in the 4th quarter. CWM LLC now owns 55,780 shares of the company’s stock valued at $1,653,000 after purchasing an additional 50,180 shares during the last quarter. Finally, Metropolis Capital Ltd boosted its stake in News by 13.8% in the fourth quarter. Metropolis Capital Ltd now owns 871,785 shares of the company’s stock worth $25,831,000 after purchasing an additional 105,669 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Trading Up 2.8%

NASDAQ NWS opened at $32.54 on Friday. The company has a market cap of $17.81 billion, a PE ratio of 16.19 and a beta of 0.88. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $30.04 and a 200-day moving average of $29.11. News Corporation has a 12 month low of $25.49 and a 12 month high of $35.58.

News (NASDAQ:NWS) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.12 billion. News had a net margin of 12.92% and a return on equity of 6.12%. On average, equities research analysts anticipate that News Corporation will post 0.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NWS has been the topic of a number of recent research reports. Weiss Ratings upgraded News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research upgraded News from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, News has a consensus rating of “Strong Buy”.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.